Tuesday, January 26, 2010

Audit Agony - Part 2

We spent another 8 hours on Saturday preparing our records for the upcoming audit. We also met with our CPA yesterday, happily he was pleased with our preparation and we probably only have another 1/2 of prep time left. Overall, we've probably spent 30 hours responding to the first request for documents and preparing for our audit appointment and responding to the second request for documents.

Audit is scheduled in two weeks.

We have vowed to keep our records better organized going forward and I am working on organizing our 2009 records in preparation for filing 2009 tax return. We won't turn our attention to 2009 taxes until we get the audit behind us.

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